#LustList: How To Plan For That FIRST Designer Purchase!

Buying something from a well-known designer is a dream we’ve all had at some point or the other - whether it was while browsing fashion blogs or our favourite actress’s Instagram! Unfortunately, the moment we found out how much one of those cost, those dreams basically turned into nightmares! But fret not, here is our guide to make that designer item all yours - one step at a time!

1. You have to want it. Like, REALLY want it!

You should be ready to spend all that money because YOU really want that item, and you’ve been dreaming about owning it. Ask yourself, do you want this bag only because a certain Miss Kapoor has it? Or do you want those ridiculously priced shoes only because your friend just got them? Trust us, don’t spend all that money because of peer pressure, it’ll only lead to regret!

2. Be realistic about the hole it’ll burn in your pocket

Most coveted designer purchases will easily set you back by 6 months’ rent! And, yes, that might sound crazy to some people. What you need to do is make sure you understand how much you need to save to make that happen! Take some time out to create a savings plan, one which tells you exactly when you’ll be ready to swipe the card and make that product your own!

3. Opt for a classic design

The great thing about designer bags or shoes is that they’re crafted with impeccable quality. Your Louboutins will last you forever, as will that Chanel bag. The question is, will you wear it for that long? Pick a design that you will never tire of wearing - and trust us when we say that you’ll be rocking it well into your 50s!

4. Be sure to do your research: look for sales, but also be wary of fakes!

Classic designs rarely go on sale, but it never hurts to keep an eye out for deals online. But make sure you buy from the brand directly or from trusted global retailers. Dont forget to check for price differences in Asia (Singapore and Thailand, in particular), the European Union and the United States. The US is cheaper for American Brands (like Michael Kors), while the European Union is cheaper for EU brands like Ferragamo, Louis Vuitton, Valentino, etc. You often also get good deals in Singapore. Also be aware of the VAT refunds that you get when you buy internationally - it could save you between 8% to 20% of the retail price!

5. Set a “savings” goal

A savings goal is the amount of money that you decide that you have to save before you swipe your card. Always save 20-30% more than the price of your bag because it’s just nice to have a little cushion that you can dip into from time to time!

6. Start saving bit by bit

Little things really do add up! Don’t skimp on any essentials, but do consider everything on your discretionary expenses list. For example, getting your pedicure done at your fave salon is always nice, but think about the money you’ll save for a year if you just did your nails and feet at home! You’d be surprised at how quickly you can save if you cut down on your impulse shopping online, too!

7. Create a special fund

Set aside a small portion of your salary every month for your “Designer Fund”, and also for when you get some spare cash, like birthday money, Diwali/ Eid/ X-Mas money, or money from your grandparents!

8. Don’t turn your nose up at second-hand goods before giving it a good think

A lot of pre-owned bags and accessories go on sale online at around half the price of a new one. If you’re okay with a slightly used bag, this is a great way to save!